Silicon Valley Has Explaining to Do on Robo Cars, Chao Says
(Bloomberg) -- U.S. Transportation Secretary Elaine Chao called on Silicon Valley to “step up” and explain self-driving technology to help the public overcome its fears of robots taking the wheel.
“A lot of the technology comes from Silicon Valley,” Chao told reporters following a speech at a department-sponsored conference in Detroit. “They have a responsibility to educate the rest of the American public on the technologies they're thinking about, technologies which are miles and miles ahead of most people's understanding.”
Chao said a lack of consumer acceptance could be the greatest impediment to autonomous autos. A J.D. Power survey released in April found that Americans, including younger consumers, are growing more fearful of self-driving cars as they come closer to reality. Automakers and tech giants, including Alphabet Inc.'s Waymo unit and Uber Technologies Inc., are just beginning to test self-driving cars with consumers on public roads.
“My challenge to Silicon Valley is in fact supportive of Detroit,” Chao said. “I want there to be a robust American auto manufacturing industry and I want Silicon Valley to help explain the technologies that they are developing and promoting so that more people can understand how this technology can improve safety, decrease fatalities and help mobility.”
The Transportation Department released guidelines for automated cars in September that called for companies developing the technology to share data. Chao said the voluntary policy is being reviewed and updated and a new version that incorporates feedback from the public and private sectors will be released in a couple of months.
It's too early for the department to draft formal regulations for autonomous vehicles, she said.
“Too quick of movement toward rules may not be sustainable in the long term,” Chao told reporters. “We don't want to have rules that may impede future advances.”
--With assistance from Ryan Beene
To contact the reporter on this story: Keith Naughton in Detroit at knaughton3@bloomberg.net.
To contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Anne Riley Moffat
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.